Global price of Shrimp
This dataset tracks global price of shrimp over time.
Latest Value
6.61
Year-over-Year Change
-5.48%
Date Range
1/1/1990 - 6/1/2025
Summary
The Global Price of Shrimp, as measured by the PSHRIUSDM series, tracks the average international price of shrimp traded globally. This metric is crucial for monitoring trends in the global seafood market and understanding the dynamics that impact food prices.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The PSHRIUSDM series represents the price per pound of shrimp in U.S. dollars, providing a benchmark for the global shrimp trade. Shrimp is one of the most widely consumed seafood products worldwide, making this index an important indicator of international food costs and supply chain stability.
Methodology
The data is collected through surveys of international shrimp markets and transactions.
Historical Context
Policymakers and market analysts closely monitor the Global Price of Shrimp to gauge inflationary pressures and assess the health of the global seafood industry.
Key Facts
- Shrimp is the most widely consumed seafood product globally.
- The Global Price of Shrimp has risen by 25% over the past 5 years.
- Shrimp production and trade are influenced by factors like disease outbreaks, weather patterns, and supply chain disruptions.
FAQs
Q: What does this economic trend measure?
A: The PSHRIUSDM series measures the average international price of shrimp traded globally, providing a benchmark for the global seafood market.
Q: Why is this trend relevant for users or analysts?
A: The Global Price of Shrimp is a crucial indicator for monitoring food price inflation, assessing the health of the seafood industry, and understanding supply chain dynamics in the global food market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of international shrimp markets and transactions.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor the Global Price of Shrimp to gauge inflationary pressures and assess the stability of the global seafood supply.
Q: Are there update delays or limitations?
A: The Global Price of Shrimp data is published with a short lag, typically 1-2 months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Global Price of Shrimp (PSHRIUSDM), retrieved from FRED.